Business News
services down for thousands of users for which company?
Amazon
Refers to the possibility of loss when you invest in a business
What is risk?
The ability of the business to offer products or services that meet or exceed market standards in relation to other businesses
What is competitiveness?
The act of selecting among alternatives
What is choice?
A business that employs fewer than five people (including the owner)
What is micro business?
Christmas dinner costs rise as what bites?
Inflation
What remains after all business expenses have been deducted from sales revenue
What is profit?
Actual and potential customers whose needs and wants a business wishes to satisfay
What is the target market?
The development of something new
What is invention?
The final stage of the Business Life Cycle
What is maturity?
Money received by a person for providing his or her labour, or a business from a return on its investments
What is income?
A fixed amount of money paid on a regular basis, usually fortnightly or monthly, to a permanent employee of a business
What is salary?
An improvement on something already established
What is innovation?
The process of planning and executing the conception, pricing, promotion and distribution of your ideas, goods or services
What is marketing?
What was the 'founder' of bitcoin allowed to keep when he won his recent court case
1.1m Bitcoin worth £40m
All the costs of running the business except the cost of goods sold
What are operating costs?
People who are part owners of a company because they own a number of shares
What are shareholders?
A set of activities undertaken to improve existing products, create new products and improve production
What is R&D?
A company that has branches in many different countries
What is Transnational (Multinational Corporation (TNC)?
How much global income does the richest 10% of the world's population take
52%
The money a business receives as payment for its products
What is revenue?
Activities undertaken by the Business that combine the resources to create products
What is production?
Someone who starts operates and assumes the risk of a business venture in the hope of making a profit
What is entrepreneur?
Refers to the business's share of the total industry sales for a particular product
What is market share?